$BTC #1000pepe $#BTC Who is a Bagholder? A bagholder is an investor who firmly holds large amounts of certain coins or tokens, without caring about the performance of the project. Even when the value of these assets plummeted to near zero, they persisted. Why do they do it? There is some reasons. First, they may believe that the potential long-term gains will outweigh the temporary losses. Second, they can fall into the error of sunk cost thinking, where they feel they are losing money if they sell at a low price. In addition, bagholders can also be affected by the "disposition effect", namely being reluctant to sell underperforming assets but quickly realizing profits from other assets. Not infrequently, bagholders are too busy or less interested in monitoring the performance of their assets. This phenomenon is becoming more common as crypto assets become more popular. Many new investors enter the market when prices spike, but then lose interest when prices decline, especially if their investment is not large. However, bagholder decisions sometimes bear fruit. There are many stories of novice investors who bought Bitcoin years ago, forgot about it, and then discovered they had hundreds of thousands of dollars, even millions. The bagholder's decision is closely related to the practice of HODL (Hold On for Dear Life). This term is popular among the crypto community and describes the attitude of holding a coin or token with strong conviction, even without a skilled strategy. The term HODL first emerged from a typing error by GameKyuubi users on the BitcoinTalk forum, but is now used as a motto for surviving in the crypto market despite its turmoil.